PUBLISHER: QKS Group | PRODUCT CODE: 1637533
PUBLISHER: QKS Group | PRODUCT CODE: 1637533
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that Talent Management Software (TMS) Market is Projected to Register a CAGR of above average by 2028 in Central and Eastern Europe.
Central and Eastern Europe (CEE) is emerging as a promising market for Talent Management Software (TMS) due to several key factors. Firstly, the region's integration into the global economy has heightened the importance of efficient HR practices to compete on an international scale. Secondly, as CEE countries experience economic growth and attract foreign investment, there's a growing emphasis on optimizing workforce management to enhance productivity and operational efficiency. Thirdly, demographic trends, including an aging population and migration patterns, underscore the need for TMS to address talent retention, succession planning, and skills development challenges. Moreover, as companies in CEE increasingly adopt digital transformation strategies, there's a corresponding demand for TMS to streamline recruitment processes, performance management, and employee development initiatives. Lastly, regulatory requirements and compliance standards are driving the adoption of TMS to ensure adherence to labor laws and promote fair employment practices across the region.
Quadrant Knowledge Solutions defines a talent management application as "a comprehensive software suite that enables organizations to efficiently oversee their workforce by automating diverse HR functions such as recruitment, onboarding, learning and development, succession and leadership development, opportunity marketplace, performance management, compensation, engagement surveys, and analytics and reporting. Talent management applications are designed using a range of technologies, such as artificial intelligence and machine learning. The applications aim to simplify HR processes and enhance decision-making in the field of talent management."
QKS Group Reveals that Talent Management Software (TMS) Market is Projected to Register a CAGR of above average by 2028 in Central and Eastern Europe.
The market for Talent Management Software (TMS) in Central and Eastern Europe (CEE) is poised for significant growth, driven by a rapid digital transformation across the region aimed at enhancing HR efficiency and organizational agility. With an increasing adoption of remote work models, there is a rising demand for advanced TMS platforms that facilitate virtual collaboration, performance management, and talent development across dispersed teams. Companies in CEE are placing a growing emphasis on improving employee experience to enhance retention and productivity, thereby fueling the adoption of AI-driven TMS solutions offering personalized learning paths and career development tools. Compliance with data protection regulations, such as GDPR in the EU member states, further stimulates the adoption of secure TMS solutions. In a competitive landscape, both established global providers and emerging local players are expected to expand their TMS offerings, tailored to meet the evolving needs of enterprises across diverse industries in Central and Eastern Europe.
Quadrant Knowledge Solutions defines a talent management application as "a comprehensive software suite that enables organizations to efficiently oversee their workforce by automating diverse HR functions such as recruitment, onboarding, learning and development, succession and leadership development, opportunity marketplace, performance management, compensation, engagement surveys, and analytics and reporting. Talent management applications are designed using a range of technologies, such as artificial intelligence and machine learning. The applications aim to simplify HR processes and enhance decision-making in the field of talent management."